Nursing Care Facilities Market: ZIP 74720
Opportunity Score
20
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 74720 is an urban area. with a population of 417 and household incomes near the national median ($56,528).
Area Profile
417
Population
$56,528
Median Income
-24% vs. national
Urban
Area Type
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 5.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$910
2BR Fair Market Rent
$931
Median Gross Rent
$79 K
Median Home Value
Tips for Starting a Elder Care Business in Oklahoma
- State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
- Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
- Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
- Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-24% vs. $74,580
Nearby Markets
74741
6.3 mi
Pop: 898
$56,912
Walk: 2.6
74747
6.4 mi
Pop: 381
$61,875
Walk: 3.8
74730
6.9 mi
Pop: 5,790
$60,956
Walk: 5.1
74733
7.6 mi
Pop: 3,212
$57,370
75021
10.3 mi
Pop: 9,307
$67,159
Walk: 7.1
74701
12.3 mi
Pop: 26,548
$54,576
Walk: 8.8
74753
12.4 mi
Pop: 0
Walk: 4.2
75476
12.4 mi
Pop: 1,203
$55,263
Walk: 7.1
Check Another Market
Or estimate costs with the ElderCareCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits